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Investors & landlords
"Additionally, since you rented for less than a year, you are not required to take any depreciation on the property, and I highly recommend that you don't."
Hi Carl. I would like a little more information on this, please. I am mixed-use first year filing. I don't intend to rent the property again. Depreciation seems to be overkill for me, but I didn't think I had an option. Can you explain why you "highly recommend that [I] don't"? Thanks.
March 13, 2025
6:13 AM